Usoil market is around its key supporting area. this position has supported market multiple time and have shown strong support from buyers. Actually market is trapped in a range between 66.50 and 61.50. so if we analyze the moment of the market then we can say the 61.50 has a buying potential and this position is buyers favorite. 66.50 is the target that i have set even though market can go higher higher but it would be easy for market to break this position. IF market gives a breakout above 67.00 then its next move will the 70.00 position.
Technical overview:
Support: 61.50
Resistance: 63.40/ 65.00/ 66.50
Technical overview:
Support: 61.50
Resistance: 63.40/ 65.00/ 66.50
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.